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4.
1.What is the equilibrium price?
2.What is the equilibrium quantity?
3. If the market price was 80, how many pizzas would be sold?
4. If the market price was 30, how many pizza would be sold?
5. If the market price was 80, would there be a shortage,
surplus, or equilibrium?
6. If the market price was 30, would there be a shortage,
surplus, or equilibrium?
7.What would be the quantity demanded at a price of 80?
8.What would be the quantity supplied at a price of 80?
9.What would be the quantity demanded at a price of 30?
10.What would be the quantity supplied at a price of 30?
10 Questions

39.
1.What is the equilibrium price? 50
2.What is the equilibrium quantity? 5
3. If the market price was 80, how many pizzas would be sold? 2
4. If the market price was 30, how many pizza would be sold? 3
5. If the market price was 80, would there be a shortage, surplus,
or equilibrium? surplus
6. If the market price was 30, would there be a shortage, surplus,
or equilibrium? shortage
7.What would be the quantity demanded at a price of 80? 2
8.What would be the quantity supplied at a price of 80? 8
9.What would be the quantity demanded at a price of 30? 7
10.What would be the quantity supplied at a price of 30? 3
10 Questions

45.
1.What is the equilibrium price before the tax?
2.What is the equilibrium quantity?
3. If the tax is 20 SAR, what will be the new price?
4. If the tax is 20 SAR, how many pizza would be sold?
5.What will be the total revenue with the new tax?
6. How much tax will the seller pay?
7. How much tax will the buyer pay?
8. How much will the total tax be?
9. How much did the seller earn after paying the tax?
10.Why isn’t the new price 70?
Pizza Tax Questions

76.
Chapter 5
Elasticity and Its Application
elasticity
price elasticity of demand
total revenue
total expenditure
income elasticity of demand
cross-price elasticity of demand
price elasticity of supply